Ornamental Fish Market to Undertake Strapping Growth Of $8.6 Billion By 2025 “The global ornamental fish market size is projected to touch USD 8.6 billion by 2025. The market is anticipated to grow at a CAGR of 8.1% over the forecast period. Growing awareness about the importance of ornamental fishes in reducing stress level and providing an aesthetically appealing environment is attributing to the growth of the market.”
Global Ornamental Fish Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Key Reasons to Purchase: • To gain insightful analyses of the market and have a comprehensive understanding of the global Ornamental Fish market and its commercial landscape. • Assess the production processes, major issues, and solutions to mitigate the development risk. • To understand the most affecting driving and restraining forces in the Ornamental Fish market and their impact in the global market. • Learn about the Ornamental Fish market strategies that are being adopted by leading respective organizations. • To understand the outlook and prospects for the market. • Besides the standard structure reports, we also provide custom research according to specific requirements. The global ornamental fish market size is projected to touch USD 8.6 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 8.1% over the forecast period. Growing awareness about the importance of ornamental fishes in reducing stress level and providing an aesthetically appealing environment is attributing to the growth of the market. Further, the growing trend of the nuclear family in countries such as the U.K, U.S and Germany are supplementing the adoption of pets, which, in turn, is augmenting the market growth. Around 68% of the households in the U.S owned a pet in 2018 as per The National Pet Owners Survey. Of them, over 2.5 million households in the country have saltwater fish and 12.5 million freshwater fish. Thus, the increasing number of fish as a pet is likely to proliferate product demand.
Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-ornamental-fish-market/request-sample
Tropical freshwater fishes accounted for USD 2.6 billion of the market size in 2018. Easy maintenance associated with such fishes is expected to strengthen their demand over the forecast period. These species have comparatively higher lifespan than others, thereby, gaining huge traction among consumers. Additionally, availability in a different color is attracting consumers to invest in these species. The commercial segment is anticipated to witness a CAGR of 8.4% over the forecast duration. Growing adoption of ornamental fishes in various commercial places such as restaurants, malls, and hotels is driving the segment growth. Construction of such commercial buildings is on the rise in emerging countries such as India and China. Key players operating in the ornamental fish market are AlgaeBarn LLC, Aqua Leisure, Florida Tropical, Captive Bred, Shanghai Wanjin, BioAquatix, Oasis Fish Farm and Aqua Nautic Specialist (ANS) among others. Owing to the presence of several players, the market is highly fragmented.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-ornamental-fish-market
Further key findings from the report suggest: • The tropical freshwater segment generated revenue of USD 2.6 billion in 2018 while the marine segment is likely to exhibit the CAGR 9.0% over the forecast period. • Among different applications, the household category accounted for USD 3.6 billion in 2018. On the other hand, the commercial segment is expected to ascend with a CAGR of 8.4% over the forecast period. • Europe led the market with by accounted USD 2.0 billion in 2018.
Million Insights has segmented the global ornamental fish market on the basis of product, application, and region: Ornamental Fish Product Outlook (Revenue, USD Million, 2015 - 2025) • Tropical Freshwater • Temperate • Marine Ornamental Fish Application Outlook (Revenue, USD Million, 2015 - 2025) • Commercial • Household
Ornamental Fish Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America • U.S. • Europe • U.K. • Germany • Asia Pacific • India • China • Central & South America • Brazil • Middle East & Africa • South Africa Table of Contents:Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3: Market Variables, Trends & Scope Chapter 4 Ornamental Fish: Product Estimates & Trend Analysis Chapter 5 Ornamental Fish: Application Estimates & Trend Analysis
Chapter 6 Ornamental Fish: End-use Estimates & Trend Analysis Chapter 7 Ornamental Fish: Industrial End-use Estimates & Trend Analysis Chapter 8 Ornamental Fish: Regional Estimates & Trend Analysis Chapter 9 Competitive Landscape Chapter 10 Ornamental Fish: Manufacturers Company Profiles
See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com
Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184